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Dec 30, 2012
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there has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate. we're open to just discussion about entitlement reforms, but we're going to have to take it in a different direction, the present status will not work. we're willing to make concessions as part of a balanced comprehensive agreement. but
there has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to...
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Dec 9, 2012
12/12
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the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recession, but that the global economy is teetering. they're in their political vaults and maybe blind to the political stakes. >> ken, let
the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so...
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Nov 11, 2012
11/12
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you don't get any days off other than weekends until we have a deal on the fiscal cliff, and we ought to do the same thing in 2014 for a fiscal grand bargain. >> christine, that means we don't get days off, either, while they're doing it, but it might be worth it. this is something david has been pushing for a long time in terms of government spending. he says if we do go over that fiscal cliff, it does look like greece. you have an economy that plungz, a gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff, which i don't think anybody around this table thinks it will happen. but if you do go over the fiscal cliff, you will suffer the consequences. the world will suffer the consequences, there's no doubt. what worries me is a mini bargain that fudges the cliff for the moment, to mix the metaphors, because there is nothing to fundamental start to address the bigger problem. >> why would you worry about that? it's not like we ever do that. >> that's the problem, because we are crunching numbers. i don't think getting back from the fiscal cl
you don't get any days off other than weekends until we have a deal on the fiscal cliff, and we ought to do the same thing in 2014 for a fiscal grand bargain. >> christine, that means we don't get days off, either, while they're doing it, but it might be worth it. this is something david has been pushing for a long time in terms of government spending. he says if we do go over that fiscal cliff, it does look like greece. you have an economy that plungz, a gdp that plunges and you don't...
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Dec 8, 2012
12/12
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the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking about the threat that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that st
the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher...
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Nov 10, 2012
11/12
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you don't get any days off other than weekends until we have a deal on the fiscal cliff. we ought to do the same thing in 2014 for our fiscal grand bargaining. >> richard and christine, that means we don't get days off either. what david is saying, this is a guy david has been pressing for a very long time to be responsible about government spending. he is saying if we go over that fiscal cliff, it does start to look more like greece. you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why would you be worried about that? >> because we're at crunch moment. i don't think getting back from the fiscal cliff is going to be that difficult. the moment the
you don't get any days off other than weekends until we have a deal on the fiscal cliff. we ought to do the same thing in 2014 for our fiscal grand bargaining. >> richard and christine, that means we don't get days off either. what david is saying, this is a guy david has been pressing for a very long time to be responsible about government spending. he is saying if we go over that fiscal cliff, it does start to look more like greece. you have an economy that plunges. you have gdp that...
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Jul 29, 2012
07/12
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we're always dealing with the next fiscal cliff, the next need for quantitative easing. these are things that i have not opposed, but we always put these things on the front burner. >> these are not all emergency situations. consider the '90s. there have been times. the big problem at the end of the '90s and the early turn of this century was a budget surplus. we must not assume that the conditions that prevail today are the conditions that are going to prevail forever. >> there are long term problems. >> actually, there was a budget surplus. i'm afraid it was george bush who squandered that money and who embarked on two wars without a tax increase, which is not the american way. i think that ken has made a central point which to me is the counter to ali's storm warnings. for me, actually i am pretty bullish about the u.s. economy. and i'm bullish because of this energy revolution which is coming. i don't think that that is sort of fully taken into account in our economic discourse. but the shale gas is really going to transform the economics of the u.s. in the world eco
we're always dealing with the next fiscal cliff, the next need for quantitative easing. these are things that i have not opposed, but we always put these things on the front burner. >> these are not all emergency situations. consider the '90s. there have been times. the big problem at the end of the '90s and the early turn of this century was a budget surplus. we must not assume that the conditions that prevail today are the conditions that are going to prevail forever. >> there are...
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Jul 28, 2012
07/12
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we're always dealing with the next fiscal cliff, the next need for quantitative easing. we always put these things on the front burner. >> these are not all emergency situations. consider the '90s. there have been times. the big problem at the end of the 90s and early turn of this century was a budget surplus. we must not assume that the conditions that prevail today are the conditions that are going to prevail forever. >> there are long term problems. >> actually, there was a budget surplus. i'm afraid it was george bush who xwasquandered that money an that is the not american way. i think ken made a central point which to me is the counter to ali's storm warnings. for me, actually i am pretty bullish about the u.s. economy. and i'm bullish because of this energy revolution which is coming. i don't that i that is sort of fully taken into account in our economic discourse. but the shale gas is really goingo transform the economics of the u.s. in the world economy. >> because nobody knows where krista comes from. she comes from the oil sands in canada. she knows what an e
we're always dealing with the next fiscal cliff, the next need for quantitative easing. we always put these things on the front burner. >> these are not all emergency situations. consider the '90s. there have been times. the big problem at the end of the 90s and early turn of this century was a budget surplus. we must not assume that the conditions that prevail today are the conditions that are going to prevail forever. >> there are long term problems. >> actually, there was a...
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Jul 28, 2012
07/12
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we're always dealing with the next fiscal cliff, the next need for quantitative easing. we always put these things on the front burner. >> these are not all emergency situations. consider the '90s. there have been times. the big problem at the end of the 90s and early turn of this century was a budget surplus. we must not assume that the conditions that prevail today are the conditions that are going to prevail forever. >> there are long term problems. >> actually, there was a budget surplus. i'm afraid it was george bush who xwasquandered that money an that is the not american way. i think ken made a central point which to me is the counter to ali's storm warnings. for me, actually i am pretty bullish about the u.s. economy. and i'm bullish because of this energy revolution which is coming. i don't that i that is sort of fully taken into account in our economic discourse. but the shale gas is really going to transform the economics of the u.s. in the world economy. >> because nobody knows where krista comes from. she comes from the oil sands in canada. she knows what an
we're always dealing with the next fiscal cliff, the next need for quantitative easing. we always put these things on the front burner. >> these are not all emergency situations. consider the '90s. there have been times. the big problem at the end of the 90s and early turn of this century was a budget surplus. we must not assume that the conditions that prevail today are the conditions that are going to prevail forever. >> there are long term problems. >> actually, there was a...
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Jun 23, 2012
06/12
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besides dealing with the fiscal cliff, what can we do about this? we have two theories. my theory is this. i'm going to give you 17th century religious flol if i here, ali. >> that's right. >> the show is called your money, right? >> what he said is in a debate between whether or not god exists and atheism only an irrational man would choose atheism. there is no upside. there is no win if you're right about atheism. you may as well vote for mitt romney. here's why. if you believe austerity is the way to economic growth, cutting taxes, cutting government spending, well, you got to vote for mitt romney, right? that's what he says he'll do. but if you believe stimulus is the way, government spending the way to economic growth, well, you have to vote for mitt romney as well. why? because president obama says he believes in stimulus, he can't deliver. he had three years and not able to put together another fiscal stimulus package. while mitt romney says he believes in austerity, i think there is a chance he doesn't. i think there's a chance he has no interest in short term go
besides dealing with the fiscal cliff, what can we do about this? we have two theories. my theory is this. i'm going to give you 17th century religious flol if i here, ali. >> that's right. >> the show is called your money, right? >> what he said is in a debate between whether or not god exists and atheism only an irrational man would choose atheism. there is no upside. there is no win if you're right about atheism. you may as well vote for mitt romney. here's why. if you...
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Jun 24, 2012
06/12
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besides dealing with the fiscal cliff, what can we do about this? i've got two theories. i'm going to give you 17th century religious philosophy here, ali. >> whoa! >> that's right. >> you understand this show is called "your money." >> paregardless of your economi philosophy, you might as well vote for mitt romney. here's why. if you believe austerity is the way to economic growth, cutting taxes, cutting government spending, well, you got to vote for mitt romney. right? he says that's what he had's do. but if you believe stimulus is the way, government spending, the way to economic growth, well, you ought to go vote for mitt romney as well. why? because while president obama says he believes in stimulus, he can't deliver it. ali, he's had three years and he's not been able to put together another fiscal stimulus package. while mitt romney says he believes in austerity, i think there's a chance he doesn't. i think there is a chance he has no interest in short-term government spending cuts and you might as well take that probability chance. you might as well find out, mitt
besides dealing with the fiscal cliff, what can we do about this? i've got two theories. i'm going to give you 17th century religious philosophy here, ali. >> whoa! >> that's right. >> you understand this show is called "your money." >> paregardless of your economi philosophy, you might as well vote for mitt romney. here's why. if you believe austerity is the way to economic growth, cutting taxes, cutting government spending, well, you got to vote for mitt...
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Dec 29, 2012
12/12
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off that fiscal cliff. the deadline's tuesday. if the deal isn't reached, taxes will go up on just about everybody. and massive spending cuts will kick in. >>> in india, the young woman gang-raped on a new delhi bus is dead. doctors say she died peacefully at that singapore hospital where she was being treated. authorities plan to add murder charges against the six suspects arrested in that rape. the charges will be filed thursday. angry protesters have been demanding justice and more protection for women. and police expect more demonstrations in the days to come. >>> four people are dead after a plane crashed at the moscow airport. four others were injured. eight people were on board, all of them crew members when the plane overshot the runway. don't go away. at 2:00 p.m. eastern, the top stories of the day including that growing outrage over russia's adoption ban. hundreds of americans are frantic after being told their adoptions are not going to go through. we'll also take a look back at the year in politics and the fierce batt
off that fiscal cliff. the deadline's tuesday. if the deal isn't reached, taxes will go up on just about everybody. and massive spending cuts will kick in. >>> in india, the young woman gang-raped on a new delhi bus is dead. doctors say she died peacefully at that singapore hospital where she was being treated. authorities plan to add murder charges against the six suspects arrested in that rape. the charges will be filed thursday. angry protesters have been demanding justice and more...
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Jul 1, 2012
07/12
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will we be the cleanest dirty shirt if we wait until december 31st to deal with the fiscal cliff and wait until whatever date in early 2013 that the next debt ceiling limit gets -- you know, we get hit? would there be some advantage to keeping our shirt clean if we acted on this before the elections or earlier than the end of the year? >> there's a huge advantage of keeping our shirt clean. let's not forget it's the well-being of people. the unemployment numbers are scary. the long term unemployment numbers are really worrisome. so suabsolutely. in the short term, we benefit from the fact that we are relatively good when compared to europe. but, remember, you cannot be a good house in a bad neighborhood. so there is a limit to how long we can be the cleanest dirty shirt. >> all right. great conversation. go ahead, diane. >> oh, just adding on. mohammed knows this. in switzerland, they have negative interest rates because people are so willing to buy swiss franks to get the safety there and paying the government a premium of principal to keep their money safe there. we're not the only
will we be the cleanest dirty shirt if we wait until december 31st to deal with the fiscal cliff and wait until whatever date in early 2013 that the next debt ceiling limit gets -- you know, we get hit? would there be some advantage to keeping our shirt clean if we acted on this before the elections or earlier than the end of the year? >> there's a huge advantage of keeping our shirt clean. let's not forget it's the well-being of people. the unemployment numbers are scary. the long term...
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Jun 30, 2012
06/12
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will we be the cleanest dirty shirt if we wait until december 31 tost deal with the fiscal cliff and wait until whatever date in early 2013 that the next debt ceiling limit gets, you know, we get hit? would there be some advantage to keeping our shirt clean if we acted on this before the elections or earlier than the end of the year? >> there's a huge advantage of keeping our shirt clean. let's not forget it's the well-being of people. the unemployment numbers are scary. the long term unemployment numbers are really worrisome. in the short term, we benefit from the fact that we are relatively good when compared to europe. but, remember, you cannot be a good house in a bad neighborhood. so there is a limit to how long we can be the cleanest dirty shirt. >> all right. great conversation. go ahead, diane. >> oh, just adding on. mohammed knows this. in switzerland, this he have negative interest rates because people are so willing to buy swiss franks and get the safety there and paying the government a premium of principal to keep their money safe there. we're not the only cleanest dirty
will we be the cleanest dirty shirt if we wait until december 31 tost deal with the fiscal cliff and wait until whatever date in early 2013 that the next debt ceiling limit gets, you know, we get hit? would there be some advantage to keeping our shirt clean if we acted on this before the elections or earlier than the end of the year? >> there's a huge advantage of keeping our shirt clean. let's not forget it's the well-being of people. the unemployment numbers are scary. the long term...
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Jul 14, 2012
07/12
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it is part of the so-called fiscal cliff that economists are warning the u.s. could go over if congress doesn't deal with it. president obama says let's extend them for another year but and this is the key point, not for everyone, just for what he calls the middle class, families earning less than $250,000 per year or individuals earning less than 200,000. >> i believe that we should make sure the taxes on the 98% of americans don't go up and then we should let the tax cuts expire for folks like me, for the top 2% of americans. >> now, you probably heard that republicans want them extended for everyone which means the battle comes down to whether 2% of taxpayers, the wealthiest among us should stand in the way of everyone else continuing to pay the lower tax breaks. this is a conundrum for some but not for fur i zakaria. he proposes an unusual compromise between the right and left that no one get a tax extension. i assume you don't plan to run for office. >> this is good policy, not good politics. >> why should nobody get a tax break? >> first of all, if we wer
it is part of the so-called fiscal cliff that economists are warning the u.s. could go over if congress doesn't deal with it. president obama says let's extend them for another year but and this is the key point, not for everyone, just for what he calls the middle class, families earning less than $250,000 per year or individuals earning less than 200,000. >> i believe that we should make sure the taxes on the 98% of americans don't go up and then we should let the tax cuts expire for...
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Jul 14, 2012
07/12
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it is part of the so-called fiscal cliff that economists are warning the u.s. could go over if congress doesn't deal with it. president obama says let's extend them for another year but and this is the key point, n for everyone, just for what he calls the middle class, families earning less than $250,000 per year or individuals earning less than 200,000. >> i believe that we should make sure the taxes on the 98% of americans don't go up and then we should let the tax cuts expire for folks like me, for the top 2% of americans. >> now, you probably heard that republicans want them extended for everyone which means the battle comes down to whether 2% of taxpayers, the wealthiest among us should stand in the way of everyone else continuing to pay the lower tax breaks. this is a conundrum for some but not for fur i zakaria. he proposes an unusual compromise between the right and left that no one get a tax extension. i assume you don't plan to run for office. >> this is good policy, not good politics. >> why should nobody get a tax break? >> first of all, if we were
it is part of the so-called fiscal cliff that economists are warning the u.s. could go over if congress doesn't deal with it. president obama says let's extend them for another year but and this is the key point, n for everyone, just for what he calls the middle class, families earning less than $250,000 per year or individuals earning less than 200,000. >> i believe that we should make sure the taxes on the 98% of americans don't go up and then we should let the tax cuts expire for folks...
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Dec 1, 2012
12/12
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we don't know what the deal will be. it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrath of norquist or as mark suggests, voters. how? >> right. so grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for te
we don't know what the deal will be. it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top...
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Dec 2, 2012
12/12
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it's foot foolish to think anyone wants the legacy to be they drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromise on both sides. >> that's right. the marker they threw down, kevin, is the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrath of norquist or as mark suggests, voters. how? >> right. so the grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what's scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for
it's foot foolish to think anyone wants the legacy to be they drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromise on both sides. >> that's right. the marker they threw down, kevin, is the white house says actual tax rates, the top tax rate,...
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Aug 25, 2012
08/12
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what we ended up with by default is this sequester and the fiscal cliff because the parties as currently arranged, they couldn't make a deal on stimulus. they couldn't make a deal on health care. there was no reason to think they were going to be able to make a deal on taxes and spending especially in an election year. so this -- i feel like this is sort of one of those slow motion train wrecks you could have seen coming for, you know, many miles away. as journalists, i'm not saying this is something we look forward to. but, you know, we always like to be on the front page and for people who cover fiscal and financial issues, this is promising a lot more ink for us. >> i don't think it's a slow motion train wreck. i think this train is coming very, very fast. i think it's loaded with explosives. and that's what i'm really concerned about. greg, you hear people say -- the cbo even says, okay, there is a recession next year if congress lets us go off the fiscal cliff. but it would put us in a better debt situation. that's, i guess, the silver lining. is a better debt situation worth a poss
what we ended up with by default is this sequester and the fiscal cliff because the parties as currently arranged, they couldn't make a deal on stimulus. they couldn't make a deal on health care. there was no reason to think they were going to be able to make a deal on taxes and spending especially in an election year. so this -- i feel like this is sort of one of those slow motion train wrecks you could have seen coming for, you know, many miles away. as journalists, i'm not saying this is...
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Aug 26, 2012
08/12
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is this sequester and the fiscal cliff because the parties as currently arranged, they couldn't make a deal on stimulus. they couldn't make a deal on health care. there was no reason to think they were going to be able to make a deal on taxes and spending especially in an election year. so this -- i feel like this is sort of one of those slow motion train wrecks you could have seen coming for, you know, many miles away. as journalists, i'm not saying this is something we look forward to. but, you know, we always like to be on the front page and for people who cover fiscal and financial issues, this is promising a lot more ink for us. >> i don't think it's a slow motion train wreck. i think this train is coming very, very fast. i think it's loaded with explosives. and that's what i'm really concerned about. greg, you hear people say -- the cbo even says, okay, there is a recession next year if congress lets us go off the fiscal cliff. but it would put us in a better debt situation. that's, i guess, the silver lining. is a better debt situation worth a possible recession and 9% unemplo
is this sequester and the fiscal cliff because the parties as currently arranged, they couldn't make a deal on stimulus. they couldn't make a deal on health care. there was no reason to think they were going to be able to make a deal on taxes and spending especially in an election year. so this -- i feel like this is sort of one of those slow motion train wrecks you could have seen coming for, you know, many miles away. as journalists, i'm not saying this is something we look forward to. but,...
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we now have the fiscal cliff of both spending cuts that are substantial and retroactive along with tax hikes at the end of this year, beginning of next year, that need to deal with within the context of long term deficit reduction. >> so when you leave, and i say thank you, i want you to go to the green room. and her book is called the spirit of compromise. and i want you to explain why this uncertainty gets blamed on democrats by republicans. nobody is compromising. >> i would say this. i'll take it up with amy f before you throw a parade. you can also have uncertainty as a result of aauthoritarianism. >> you've got to be kidding me. >> just because you have one person or party that could get through whatever policies they wanted doesn't mean you get certain certainty. >> i got it. that's a good point. the president of the university of pennsylvania will be coming up to talk about partisan zip. i tweeted you to see who is more to blame? is it the politics, or is it the voters who put them there? always great to talk to you. christine romans, the host of "your bottom line", which you w
we now have the fiscal cliff of both spending cuts that are substantial and retroactive along with tax hikes at the end of this year, beginning of next year, that need to deal with within the context of long term deficit reduction. >> so when you leave, and i say thank you, i want you to go to the green room. and her book is called the spirit of compromise. and i want you to explain why this uncertainty gets blamed on democrats by republicans. nobody is compromising. >> i would say...
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we don't want that dissident we now have fiscal cliffs of spending cuts substantial and retroactive along with tax hikes at the end of this year, beginning of next year that we they'd to deal with within the context of reduction. >> when you leave, and i say thank you, i want you to go to the greenroom, you'll see the president of the university of pennsylvania, her book called the spirit of compromise. i want you to explain why this uncertainty gets blamed on democrats by republicans, because nobody is compromising. >> i'll say this and take this up back stage. before you throw a parade for bipartisanship you can have authority takenship. >> kidding me, president obama -- >> just because you have one person or one party that could theoretically get policies they want doesn't mean you'll get certainty. >> that's a good point. the president of the university of pennsylvania will talk about partisanship. i tweeted you about this, who you think more to blame for partisanship in america, politicians or voters who put them there. thanks to all of you. will, great to talk to you. diane swonk me
we don't want that dissident we now have fiscal cliffs of spending cuts substantial and retroactive along with tax hikes at the end of this year, beginning of next year that we they'd to deal with within the context of reduction. >> when you leave, and i say thank you, i want you to go to the greenroom, you'll see the president of the university of pennsylvania, her book called the spirit of compromise. i want you to explain why this uncertainty gets blamed on democrats by republicans,...
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190
Nov 24, 2012
11/12
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CNNW
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i'm not done hammering away at the fiscal cliff. it is still the most immediate threat to the country's financial well-being and i will not stop until there's a deal signed on the dotted line. but today i'm going to venture beyond that cliff and look at the possibility of an economic renaissance. one of the brightest rays of sunshine, what i've been calling the golden lining on that storm cloud is the housing market. this week we got even more encouraging news. existing home sales rose more than 2% in october after sagging earlier in the year. they are trending higher. now with sales of homes picking up, the number of homes on the market, the inventory, is falling. inventory, look at that. this is all the way back from december of 2002. this is for the last ten years. inventory is at its lowest level since december of 2002. and that low inventory is putting upward pressure on home prices. the median sales price, that is the price at which half of all homes sold for more and half sold for less. it's not an average. the median home pr
i'm not done hammering away at the fiscal cliff. it is still the most immediate threat to the country's financial well-being and i will not stop until there's a deal signed on the dotted line. but today i'm going to venture beyond that cliff and look at the possibility of an economic renaissance. one of the brightest rays of sunshine, what i've been calling the golden lining on that storm cloud is the housing market. this week we got even more encouraging news. existing home sales rose more...
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Nov 8, 2012
11/12
by
CNBC
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the fiscal cliff is priority number one. boehner is now opening the door to a grand design fiscal deal that could include tax and entitlement reform. listen to the speaker today. all right. so we didn't get quite that sound. sorry. maybe we'll pick it up later. what happens to the market? courtney reagan at the real-time exchange breaking it down for us. good evening to you, courtney. >> good evening, larry. last night might have been overwhelmingly blue but today it was all red. the day after the presidential election saw the dow shift 312 points, marking the biggest point loss so far this year for the index. but it could have been worse. at session lows the dow was actually off by 369 points. the sell-off was broadbased and multifaceted. some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certainly didn't help things either. now, financials selling off as the market anticipat
the fiscal cliff is priority number one. boehner is now opening the door to a grand design fiscal deal that could include tax and entitlement reform. listen to the speaker today. all right. so we didn't get quite that sound. sorry. maybe we'll pick it up later. what happens to the market? courtney reagan at the real-time exchange breaking it down for us. good evening to you, courtney. >> good evening, larry. last night might have been overwhelmingly blue but today it was all red. the day...
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805
Nov 6, 2012
11/12
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CNBC
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do you expect that we will solve the fiscal cliff before the end of the year? is this something that gets pushed off and if so how? >> it is tough to say that we will have a complete deal. certainly if it is $1.2 trillion over two years, you need $60 billion to get past the debt ceiling over the next six months. and you can find $60 billion to have what i would call the time toged ready for a real deal. there are ways to go around so that you don't hit the bush tax cuts. >> thank you for joining us today. thank you for having me on. >> the polls are now closed in parts of indiana. indiana splits itself based on day light savings time. the polls closed 25 minutes ago with only one% percent of the precincts reporting. this is only one percent, it has a lot of labor unions in the area. with one percent. mitt romney has 67% of the votes. >> you have the experience in all of these states. you have flown over them. >> thank you, very, very, much. >> jane wells. jane? >> becky. here on the las vegas strip people are looking for their own hope and change. we are going
do you expect that we will solve the fiscal cliff before the end of the year? is this something that gets pushed off and if so how? >> it is tough to say that we will have a complete deal. certainly if it is $1.2 trillion over two years, you need $60 billion to get past the debt ceiling over the next six months. and you can find $60 billion to have what i would call the time toged ready for a real deal. there are ways to go around so that you don't hit the bush tax cuts. >> thank...